Good Morning, Markets are lower to start the day with corn down 4 and soybeans down 10. Looking at the positions, the funds are incredibly long corn. The long position of 400,000 is back towards a record. Price risk is very high in corn, similar to when beans were...
Good Morning, Word of the day or should we say days = VOLATILITY!! The corn market opened 10 higher this morning and in less than 30 minutes is trading 2 higher. Soybeans traded 18 higher and are now down 10! I look for these huge swings to continue for a while until...
Good Morning, Markets are firm this morning with corn up 15, soybeans up 27 and wheat up 14. Rumors that China is booking corn and soybeans started the rally last night that has rolled into todays trade. Chinese purchases are due to the slow harvest pace...
Good Morning, After a massive selloff last Friday and mixed trade overnight, the markets opened stronger this morning. Corn is currently up 8, soybeans up 22 and wheat up 6. If nothing else, Friday’s selloff should be a reminder to those that are long the...
Good Morning, Friday and the markets look like they could be headed lower to finish the week. China reported an outbreak of African swine fever in the southern province of Guangdong – the country’s first reported cases of the deadly disease in...
Good Morning, Well maybe not in the grains or the temperatures. Corn is currently down 8 and soybeans are down 24. We have been long overdue for a correction and it appears to be here. While I don’t believe we set back dramatically, I could see another 10-15...
